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India's Electronics Component Scheme Attracts Rs 1.15 Lakh Crore, Creates 1.41 Lakh Jobs

Global tech giants are betting big on India's electronics manufacturing future. The scheme's success signals a significant boost for the sector.

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1 min read
This picture is clicked inside the room. In this picture, we see a table on which laptop, speaker,...
This picture is clicked inside the room. In this picture, we see a table on which laptop, speaker, monitor, keyboard, ball, mouse, scanner and papers are placed. In the left bottom of the picture, we see a table on which electronic goods are placed. Behind that, we see a wall on which charts and posters are pasted.

India's Electronics Component Scheme Attracts Rs 1.15 Lakh Crore, Creates 1.41 Lakh Jobs

The Electronics Component Manufacturing Scheme has surpassed expectations, attracting investment proposals worth Rs 1.15 lakh crore, with the total fidelity investments amount exceeding the initial target of Rs 59,000 crore. The scheme promises to create 1.41 lakh jobs, surpassing the initial target by over 50,000 jobs.

The scheme has drawn significant interest from global players. Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will invest in high-end AI chip production. Joining TSMC are prominent equipment suppliers ASML, ASM International (ASMI), and BE Semiconductor Industries (Besi), each leading their respective markets. The application window for capital equipment under the investment calculator scheme remains open, indicating further potential growth.

The Electronics Component Manufacturing Scheme has successfully exceeded its investment and job creation targets. With prominent global companies investing in the scheme, it is set to significantly boost India's electronics manufacturing sector.

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